Many investment decisions of agribusiness firms such as when to invest in an emerging market or whether to expand the capacity of the firm involve irreversible investment and uncertainty about demand, cost or competition. This paper uses an option-value model to examine the factors affecting an...

Many investment decisions of agribusiness firms such as when to invest in an emerging market or whether to expand the capacity of the firm involve irreversible investment and uncertainty about demand, cost or competition. This paper uses an option-value model to examine the factors affecting an...

Este es material de curso del libro Decisiones Empresariales bajo Riesgo e Incertidumbre. El nivel del libro es basico. Se usan muy pocas matematicas y puede ser usado por gerentes. En este decimo y ultimo capitulo se presenta una breve y sencilla introduccion a las opciones financieras y al...

This study examines the importance of using real options model in the auto industry by means of its application to the case of a direct investment abroad, specifically in Brazil. We use the Black and Scholes and Binomial models. Empirical results show that this is the kind of project that,...

We critically assess an almost universal Benefit-Cost Analysis (BCA) practice. In addition to the central Net Present Value (NPV), analysts frequently also report multiple additional values in what is commonly referred to as 'NPV sensitivity analysis'. This practice is generally justified with...

Climate change has adversely affected the livelihoods of people in Ethiopia since a large proportion of the population is heavily dependent on agriculture as their adaptive capacities are perceived to be below. Therefore, this study aimed to identify determinants of farmer adaptation strategies...

One of the most investigated research topics in the corporate sustainability literature is “the” business case. Long lionized for linking the profit motive to corporate environmental initiatives, the business case for sustainability is now vehemently criticized. These critics generally argue...